1,265 Shares in Archer-Daniels-Midland Company (NYSE:ADM) Purchased by CX Institutional

CX Institutional purchased a new stake in Archer-Daniels-Midland Company (NYSE:ADM) in the first quarter, according to its most recent filing with the SEC. The fund purchased 1,265 shares of the company’s stock, valued at approximately $61,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. grew its stake in Archer-Daniels-Midland by 21.8% during the 4th quarter. Vontobel Holding Ltd. now owns 18,271 shares of the company’s stock worth $923,000 after buying an additional 3,276 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in shares of Archer-Daniels-Midland by 38.5% in the fourth quarter. Valeo Financial Advisors LLC now owns 6,154 shares of the company’s stock valued at $311,000 after purchasing an additional 1,711 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $1,005,000. Allworth Financial LP grew its holdings in Archer-Daniels-Midland by 9.6% in the 4th quarter. Allworth Financial LP now owns 2,648 shares of the company’s stock worth $134,000 after buying an additional 232 shares in the last quarter. Finally, Csenge Advisory Group increased its position in Archer-Daniels-Midland by 60.8% in the 4th quarter. Csenge Advisory Group now owns 35,954 shares of the company’s stock valued at $1,816,000 after acquiring an additional 13,598 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Barclays reduced their price target on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research report on Monday, February 24th. UBS Group raised shares of Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $55.00 to $60.00 in a report on Monday, May 19th. Bank of America lowered shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Finally, Citigroup dropped their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Archer-Daniels-Midland currently has a consensus rating of “Hold” and an average target price of $52.00.

Archer-Daniels-Midland Price Performance

Shares of NYSE ADM opened at $54.21 on Tuesday. Archer-Daniels-Midland Company has a twelve month low of $40.98 and a twelve month high of $66.08. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average of $48.15 and a two-hundred day moving average of $48.62. The company has a market capitalization of $26.05 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. The business had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.46 earnings per share. As a group, analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date was Wednesday, May 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 72.86%.

Archer-Daniels-Midland Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.